Bayfield Ventures Corp.: Flow-Through Private Placement Announced

VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Dec. 11, 2009) - Bayfield
Ventures Corp.(TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company")
announces a non-brokered private placement of up to 1,500,000 flow-through
units at a price of $0.10 per unit.

Each flow-through
unit consists of one flow-through common share and one non-transferable share
purchase warrant. Each share purchase warrant entitles the holder to purchase
non flow-through common share of the Company at a purchase price of $0.125 per
warrant share for a period of twelve months from the date of closing of the
private placement and thereafter at a price of $0.15 for a further twelve
months from the date of closing of the private placement.

The Company may pay
up to a 7% non flow-through unit finder's fee in connection with part of this
private placement offering.

The Company intends
to utilize the proceeds from the private placement on a winter drill program on
the Company's Burn's Block property located in the Richardson Township, Rainy
River District, Ontario.